OLED
$82.09+2.31%
Universal Display CorporationStock · TechnologyNasdaq Composite · 0.006% of ONEQRussell 3000 · 0.006% of IWVRussell 1000 · 0.005% of IWBUS Stock Market · 0.005% of VTI
OLED financial statements
The full income statement, balance sheet, and cash-flow statement for Universal Display Corporation (OLED), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.
Shares outstanding (point-in-time)
2024-06 47.5M2024-09 47.5M2024-12 47.5M2025-03 47.5M2025-06 47.5M2025-09 47.5M2025-12 47.1M2026-03 46.8M2026-06 46.0M-3.1% over 8 periods
SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.
PeriodRangeOrderChangeFiguresAs-reported fiscal years.
| Line item | Trend | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Income Statement | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Revenue | 651M+0.5% | 648M+12.4% | 576M-6.5% | 617M+11.4% | 554M+29.1% | |
| 496M-0.5% | 499M+13.2% | 441M-9.8% | 489M+11.4% | 439M+27.7% | ||
| Cost of revenue | 154M+3.8% | 148M+9.7% | 135M+5.8% | 128M+11.2% | 115M+34.5% | |
| 248M-4.8% | 260M+16.3% | 224M+1.0% | 222M+5.1% | 211M+13.5% | ||
| Research & development | 146M-7.1% | 157M+20.5% | 130M+11.5% | 117M+17.4% | 99.7M+18.8% | |
| Selling, general & administrative | 74.3M+0.0% | 74.3M+10.2% | 67.4M-13.5% | 77.9M-3.1% | 80.4M+31.0% | |
| Amortization of intangibles | 18.2M-0.0% | 18.2M+13.8% | 16.0M-8.4% | 17.5M-20.6% | 22.0M+0.1% | |
| Operating income | 249M+4.1% | 239M+10.0% | 217M-18.7% | 267M+17.3% | 228M+44.5% | |
| Other non-operating income | 6.51M+188.5% | -7.36M-3898.4% | -184K+97.3% | -6.69M-6927.6% | 98.0K-88.7% | |
| Pre-tax income | 295M+8.3% | 272M+11.0% | 245M-8.6% | 268M+17.5% | 228M+39.6% | |
| Income tax | 52.7M+5.3% | 50.0M+18.7% | 42.2M-27.5% | 58.2M+32.1% | 44.0M+46.0% | |
| 242M+9.0% | 222M+9.4% | 203M-3.4% | 210M+14.0% | 184M+38.1% | ||
| Net income to common | 242M+9.2% | 222M+9.7% | 202M-3.3% | 209M+14.1% | 183M+38.3% | |
| $5.08+9.2% | $4.65+9.7% | $4.24-3.6% | $4.40+13.7% | $3.87+38.2% | ||
| EPS (basic) | $5.09+9.2% | $4.66+9.6% | $4.25-3.6% | $4.41+14.0% | $3.87+38.2% | |
| Weighted-avg shares (basic) | 47.5M-0.0% | 47.5M-0.0% | 47.6M+0.4% | 47.4M+0.2% | 47.3M+0.2% | |
| Weighted-avg shares (diluted) | 47.7M+0.0% | 47.7M+0.1% | 47.6M+0.3% | 47.5M+0.2% | 47.4M+0.3% | |
| Dividends per share | $1.80+12.5% | $1.60+14.3% | $1.40+16.7% | $1.20+50.0% | $0.80+33.3% | |
| Balance Sheet | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 1.09B+20.8% | 900M-1.9% | 917M+2.0% | 899M-2.9% | 926M+0.1% | ||
| Cash & equivalents | 138M+39.8% | 99.0M+7.6% | 92.0M-1.5% | 93.4M-70.1% | 312M-50.5% | |
| Short-term investments | 464M+17.9% | 394M-6.7% | 422M-12.8% | 484M+37.9% | 351M+251.2% | |
| Accounts receivable | 120M+5.5% | 114M-18.7% | 140M+50.9% | 92.7M-13.9% | 108M+30.9% | |
| Inventory | 241M+31.7% | 183M+4.1% | 176M-4.1% | 183M+36.6% | 134M+46.5% | |
| Other current assets | 124M+12.0% | 111M+26.6% | 87.4M+90.8% | 45.8M+118.6% | 20.9M+1.0% | |
| 1.96B+7.2% | 1.83B+9.8% | 1.67B+8.9% | 1.53B+4.5% | 1.47B+15.6% | ||
| Property, plant & equipment | 215M+10.1% | 195M+11.5% | 175M+22.1% | 143M+11.3% | 129M+26.2% | |
| Operating lease right-of-use | 19.9M+0.3% | 19.9M-20.2% | 24.9M-20.9% | 31.5M+2.8% | 30.6M+249.9% | |
| Goodwill | 15.5M+0.0% | 15.5M+0.0% | 15.5M+0.0% | 15.5M+0.0% | 15.5M+0.0% | |
| Intangible assets | 56.8M-22.8% | 73.6M-18.6% | 90.3M+135.3% | 38.4M-22.7% | 49.7M-29.3% | |
| Long-term investments | 377M-17.6% | 458M+52.8% | 300M+15.3% | 260M+54.6% | 168M+3261.5% | |
| Deferred tax assets | 79.5M+1.4% | 78.3M+32.5% | 59.1M+1.6% | 58.2M+73.9% | 33.5M-11.3% | |
| Other non-current assets | 129M+20.7% | 107M+1.4% | 105M-4.1% | 110M-19.1% | 136M+31.3% | |
| 108M-13.9% | 125M+5.5% | 119M-12.4% | 136M-27.8% | 188M+13.9% | ||
| Accounts payable | 23.3M-36.2% | 36.6M+234.7% | 10.9M+14.9% | 9.52M-36.3% | 15.0M+8.4% | |
| Accrued liabilities | 52.6M+14.2% | 46.0M-11.6% | 52.1M+2.1% | 51.0M+12.2% | 45.5M+9.8% | |
| Deferred revenue | 21.0M-36.5% | 33.1M-30.7% | 47.7M+4.6% | 45.6M-62.3% | 121M+14.9% | |
| Current lease liability | 4.75M+23.5% | 3.85M+8.9% | 3.53M-5.5% | 3.74M+11.5% | 3.35M+79.1% | |
| Other current liabilities | 11.1M+14.1% | 9.72M+20.1% | 8.10M-72.6% | 29.6M+345.1% | 6.64M+46.4% | |
| 203M-6.1% | 216M-2.7% | 222M-13.9% | 257M-29.9% | 367M+2.9% | ||
| Deferred revenue (non-current) | 1.94M+261.8% | 537K-95.5% | 12.0M-34.3% | 18.3M-49.5% | 36.2M-36.6% | |
| Non-current lease liability | 19.2M+0.4% | 19.1M-16.3% | 22.9M-21.3% | 29.0M+6.5% | 27.3M+296.3% | |
| Operating lease liability (total) | 24.2M+5.7% | 22.9M-13.1% | 26.4M-16.2% | 31.5M+2.8% | 30.6M | |
| Finance lease liability | 19.2M+0.4% | 19.1M-16.3% | 22.9M-21.3% | 29.0M+6.5% | 27.3M+296.3% | |
| Other non-current liabilities | 36.2M+2.4% | 35.4M-8.4% | 38.7M-11.5% | 43.7M-42.6% | 76.1M+36.0% | |
| 1.76B+8.9% | 1.62B+11.7% | 1.45B+13.5% | 1.28B+16.0% | 1.10B+20.5% | ||
| Preferred stock | 2.00K+0.0% | 2.00K+0.0% | 2.00K+0.0% | 2.00K+0.0% | 2.00K+0.0% | |
| Common stock | 489K+0.2% | 488K+0.2% | 487K-0.8% | 491K+0.0% | 491K+0.2% | |
| Additional paid-in capital | 745M+2.9% | 724M+3.5% | 700M+2.7% | 681M+3.4% | 659M+3.6% | |
| Retained earnings | 1.09B+16.7% | 935M+18.4% | 790M+20.9% | 653M+30.6% | 500M+41.3% | |
| Treasury stock | 75.4M+82.7% | 41.3M+0.0% | 41.3M+0.0% | 41.3M+0.0% | 41.3M+0.0% | |
| Accumulated other comprehensive income | 781K+174.0% | -1.05M+2.9% | -1.09M+94.1% | -18.5M-1.2% | -18.2M+49.4% | |
| Total liabilities & equity | 1.96B+7.2% | 1.83B+9.8% | 1.67B+8.9% | 1.53B+4.5% | 1.47B+15.6% | |
| Common shares issued | 48.9M+0.2% | 48.8M+0.2% | 48.7M-0.8% | 49.1M+0.1% | 49.1M+0.1% | |
| Common shares outstanding | 47.3M-0.4% | 47.5M+0.2% | 47.4M-0.8% | 47.8M+0.1% | 47.7M+0.1% | |
| Shares outstanding (cover) | 47.1M-0.8% | 47.5M+0.2% | 47.4M+0.2% | 47.3M-2.6% | 48.5M+2.9% | |
| Cash Flow | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 211M-16.9% | 254M+63.9% | 155M+22.0% | 127M-33.6% | 191M+28.4% | ||
| Depreciation & amortization | 46.6M+5.5% | 44.1M+1.7% | 43.4M+2.7% | 42.3M+0.7% | 42.0M+12.8% | |
| Intangible amortization | 18.2M-0.0% | 18.2M+13.8% | 16.0M-8.4% | 17.5M-20.6% | 22.0M+0.1% | |
| Share-based compensation | 28.2M-6.0% | 30.0M+24.6% | 24.1M-19.5% | 29.9M-14.1% | 34.9M+30.9% | |
| Deferred income taxes | -1.04M+94.6% | -19.1M-407.6% | -3.77M+86.0% | -26.9M-1641.5% | 1.75M+139.3% | |
| Change in receivables | 6.30M+124.1% | -26.2M-155.5% | 47.2M+415.1% | -15.0M-159.0% | 25.4M+16.4% | |
| -45.5M+72.3% | -164M-97.4% | -83.3M+70.3% | -281M+38.7% | -458M-217.0% | ||
| Capital expenditure | 56.5M+32.4% | 42.6M-28.7% | 59.8M+40.7% | 42.5M-1.5% | 43.2M+54.2% | |
| Free cash flow | 154M-26.9% | 211M+122.2% | 95.0M+12.7% | 84.3M-43.0% | 148M+22.5% | |
| Acquisitions | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| -126M-53.0% | -82.3M-12.9% | -72.9M-12.8% | -64.6M-25.8% | -51.4M-23.3% | ||
| Long-term debt issued | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Long-term debt repaid | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock issued | 2.02M-9.0% | 2.22M+10.3% | 2.01M+28.2% | 1.57M+4.2% | 1.51M+28.1% | |
| Common stock repurchased | 32.9M | 0.00 | 0.00 | 0.00 | 0.00 | |
| Dividends paid | 85.5M+12.2% | 76.2M+14.2% | 66.7M+17.0% | 57.0M+150295.8% | 37.9K-99.9% | |
| Net change in cash | 39.4M+462.9% | 7.00M+584.1% | -1.45M+99.3% | -219M+31.3% | -318M-163.8% | |
| Income taxes paid | 71.4M-0.7% | 72.0M-25.2% | 96.2M+32.9% | 72.3M+37.4% | 52.6M+45.2% | |
| Valuation Ratios | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Market cap | 5.50B-20.7% | 6.94B-23.4% | 9.06B+77.5% | 5.10B-36.2% | 8.00B-26.1% | |
| P/E | 22.7×-27.3% | 31.3×-28.9% | 43.9×+64.3% | 26.7×-38.4% | 43.4×-46.5% | |
| P/S | 8.5×-21.1% | 10.7×-30.5% | 15.4×+79.5% | 8.6×-40.6% | 14.5×-42.7% | |
| P/B | 3.1×-27.2% | 4.3×-34.5% | 6.6×+55.6% | 4.2×-42.1% | 7.3×-38.7% | |
| P/FCF | 35.6×+8.4% | 32.9×-79.4% | 159.6×+325.8% | 37.5×-30.7% | 54.1×-39.6% | |
| Earnings yield | 4.4%+37.5% | 3.2%+40.6% | 2.3%-39.1% | 3.7%+62.4% | 2.3%+86.8% | |
| FCF yield | 2.8%-7.7% | 3.0%+385.4% | 0.63%-76.5% | 2.7%+44.3% | 1.8%+65.7% | |
| Dividend yield | 1.5%+40.8% | 1.1%+49.5% | 0.73%-34.1% | 1.1%+129.1% | 0.48%+85.7% | |
| Source filing | 10-K | 10-K | 10-K | 10-K | 10-K |
About this data
Source: OLED’s SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn’t file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all OLED filings on SEC EDGAR → Not investment advice.